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Philip Morris Seeks 100% of Colombia's Coltabaco Shares 

ip Morris International's Dutch unit, GWP CV, said it's prepared to acquire the shares it doesn't already own in Colombia's largest tobacco firm, Compania Colombiana de Tabaco (COLTABACO.BO).

GWP CV acquired 96.7% of Coltabaco for $299.62 million on April 25 after a public tender offer. It purchased 61,414,222 shares of the 63,539,967 outstanding shares.

In a letter sent to the local securities superintendency late Monday, GWP CV said it will maintain its price of $4.8788 per share that shareholders received in the original tender offer. The company will purchase the remaining shares from Tuesday until May 27.

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